 MTN is the trading name of Areeba Ltd which is a wholly owned subsidiary of MTN Group Ltd. MTN sets its origins in the Cypriot Market as Areeba on July 12, 2004 after winning an eleven round auction bid at CYP 12.750.000. The license covers the use of radio frequencies spectrum and operation of a public mobile telephony network along with the provision of mobile telephony services in Cyprus. Areeba was a wholly owned subsidiary of Investcom LLC Luxemburg, which in May 2nd, 2006 Investcom LLC was acquired by the South Africa-based multinational telecommunications company, MTN Group. The MTN Group is a leading provider of communication services, offering cellular network access and business solutions. The MTN Group is listed in South Africa on the JSE Securities Exchange (JSE Limited) under the Industrial - Telecommunications sector. Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa and the Middle East. MTN is the first private Mobile provider and the 1st to launch the 3G network on the island. MTN has built an integrated 3G/2.5G network on the island, and ongoing investments enhance coverage and performance of the network is improving constantly. Already the 3G, service area, where data rates of up to 384kbps (up to 7 times the speed of normal dial up) are available and covers 70% of the Cypriot population. Moving out of 3G coverage seamlessly switch over to GPRS, which covers over 92% of the population. MTN offers subscribers a variety of innovative choices with Pay Monthly and Pay as You Go services. The MTN Cyprus family is made up of around 200 young professionals, each bringing their enthusiasm and vitality to the company, strengthening our level of service. The MTN brand is composed of five main values: Innovation, Leadership, Relationships, Integrity and Can Do. Since its founding in 2004, MTN as a corporate citizen contributes to the community it operates in by sponsoring events in the fields of education, health, culture and sports and offers its services through employees’ volunteer work. MTN is dedicated to offering Cyprus alternative solutions through its innovative, advanced, and credible services and long term experience in the mobile telephony industry. |